Interest and Islamic Banking - Bilal Philips

[fagrach31]

salam,..barak allahu fik..uasalam

[irfand4]

Islamic banking helps the individual instead of milking them - well said.

[pipzzo]

ASalam Alakum ! reality and the truth the Sharia law is the only banking system which has successfully proved is self for almost 1,400 years . It wont cost you your marriage or house or children’s education or ultimately homeless like what the IMF and the private company called the Federal Reserve

[Madavoori]

Allahu Akbar !....Islam Is The Truth

[irfand4]

The Black Hole of Calcutta was the description of a prison where Europeans were put and not of the city. Nice lecture but a more detail lecture would be better.

[tothemax01]

How can a person buy a house without a loan?

[showtime302]

is there any such bank in the US preferable in Maryland

[geisterbahn1]

im not a muslim but im against interest on a human level. Interest creates poverty and steals the need of the person.The jews are to blame .

[77moessa]

@geisterbahn1 Well said friend. i am too against interest. Because interest is to make money from other peoples misery. Did you know that back in the early 11-12 century england it was the jews that migrated from israel that started this wicked business. at that time the kings of england forbade it and said that any one (mainly the jews) who was caught doing this they should be executed. if only people would research into how bad in dealing with interest is. peace.

[emtp60]

Hide the comments and hide the secret evils of Islam.

[ugerWadi]

Islamic banking is not Islamic. It is just rebranding of interest based banking.

[GlobalDuty]

When the poor are permanently poor, and the rich, permanently rich, that is oppression! All around the world today that economic oppression exists, and is constantly increasing, - the poor grow poorer and the rich, richer. Riba is the cause. A predatory global elite, centered in the West, but also present around the world, is constantly sucking the wealth of mankind and impoverishing the masses through riba.

[sendicim]

well said. Good explanation and true facts. Stay blessed.

[Teckmali]

Amazing explanation Dr Bilal thank you and my Allah reward you.

[ALYSHEBANDTHEBID]

2/2 for example the profit sharing Islamic mortgage model does nothing for the average Muslim person, you are a minority owner, u pay rent and extra to buy the property slowly how sinister is that, as a minority owner you can't make any financial decision on the property. I have never been clear on this interest thing, what is Interest? this simple concept of lending money at % rate is very ambiguous, if so that is the clear definition then only one to one ratio trading is allowed by Islam.

[ALYSHEBANDTHEBID]

1/2 Dr. Billal, I have no doubt that interest based system is heartless and filled with greed. But you have not explained how we can get away system, your model or I should the Islamic model of banking system is based on trust and faith, a step towards humane world, how can that be when 99% of the Islamic problems today is created by us, Muslims,

[markazislam1]

very good concepts of islamic banking.....

[alltimesmart]

Allah bless u Dr Bilal...

[ARmirzaful]

@alltimesmart

Ameen thumma Ameen.

[PEacefulIslam]

You are just a bigget hater and liar

[PEacefulIslam]

Allah Akbar!

[tomliordos]

wait a minute.

there is a bank that will lend me with no interest????

which bank is that?

[PEacefulIslam]

You could only find that i think in some Muslim countries. It's forbitten to take interest from others.

[tomliordos]

Thanx Ill research it.

[alltimesmart]

give Islam a chance to serve the mankind. It will address all your issues.

[SHUURIE]

jazakALLAH KHEYR

I CONGRAGULATE YOU DR BILAL

[THANZEELURAHMAN]

jazakkalla

[mayortube]

A good introduction into the subject. I would love to see a deeper explaining of each of the islamic banking forms.